Morocco cuts 2016 growth forecast to 2 percent


(MENAFN) Morocco has reduced its economic growth forecast for the recent year to less than 2 percent from 3 percent.

Moreover, the decline was due to cereal harvest sufferment from its worst drought in three decades.

On the other hand, agriculture accounted for 15 percent of the economy, which increased 4.4 percent in 2015.

In addition, the IMF liquidity line plans to offer reassurance to foreign lenders, investors and rating agenices allowing Morocco to tap global markets.


MENAFN

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.